DHL 2003 Annual Report Download - page 145
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Additional Information
Notes / Auditor’s Report
We have audited the consolidated financial statements of Deutsche Post AG, Bonn, consisting
of the balance sheet, the income statement, and the statements of changes in equity and cash
flows as well as the notes to the financial statements for the fiscal year from January 1 to
December 31, 2003. The preparation and the content of the consolidated financial statements
according to the International Financial Reporting Standards of the IASB (IFRS) are the
responsibility of the Company’s Board of Management. Our responsibility is to express an
opinion, based on our audit, whether the consolidated financial statements are in accordance
with the IFRS.
We conducted our audit of the consolidated financial statements in accordance with
German auditing regulations and generally accepted standards for the audit of financial
statements promulgated by the Institut der Wirtschaftsprüfer in Deutschland (IDW) and
additionally observed the International Standards on Auditing (ISA). Those standards
require that we plan and perform the audit to obtain reasonable assurance about whether
the consolidated financial statements are free of material misstatements. Knowledge of the
business activities and the economic and legal environment of the Group and evaluations
of possible misstatements are taken into account in the determination of audit procedures.
The evidence supporting the amounts and disclosures in the consolidated financial statements
are examined on a test basis within the framework of the audit. The audit includes assessing
the accounting principles used and significant estimates made by the Board of Management
as well as evaluating the overall presentation of the consolidated financial statements.
We believe that our audit provides a reasonable basis for our opinion.
In our opinion, the consolidated financial statements give a true and fair view of the
net assets, financial position, results of operations, and cash flows of the Group for the fiscal
year in accordance with the IFRS.
Our audit, which according to German auditing regulations also extends to the Group
Management Report prepared by the Board of Management for the fiscal year from January 1
to December 31, 2003, has not led to any reservations. In our opinion, on the whole the
Group Management Report, together with the other information of the consolidated financial
statements, provides a suitable understanding of the Group’s position and suitably presents
the risks of future development. In addition, we confirm that the consolidated financial state-
ments and the Group Management Report for the fiscal year from January 1 to December 31,
2003 satisfy the conditions required for the Company’s exemption from its duty to prepare
consolidated financial statements and the Group Management Report in accordance with
German accounting law.
Düsseldorf, February 17, 2004
PwC Deutsche Revision
Aktiengesellschaft
Wirtschaftsprüfungsgesellschaft
Brebeck Menke
Wirtschaftsprüfer Wirtschaftsprüfer
(German Certified (German Certified
Public Accountant) Public Accountant)
Auditor’s Report